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Irish Gov't Promises Lower Taxes After Election

by Jason Gorringe, Tax-News.com, London

24 February 2015


Irish Finance Minister Michael Noonan has pledged that, if re-elected, his Fine Gael party "will not load higher taxes on work."

Noonan made the commitment during a speech to the Fine Gael annual conference. He pointed out that Budget 2015 had delivered personal income tax cuts, which ensured that "every worker in Ireland knew that the era of austerity was over and we were entering a new phase for Ireland." The Government will continue this approach in Budget 2016 and, if re-elected, in Budget 2017, he explained.

"Lowering taxes on work in a strategic and targeted way will not only benefit every worker in Ireland, it will also create jobs. The three year tax reform plan set out in the Budget will deliver 15,000 new jobs in Ireland," Noonan added.

Party leader and Taoiseach (prime minister) Enda Kenny also addressed the conference. He told delegates that "tax cuts to reward hard work and enterprise will continue in the next Budget and in future Budgets - if the people return Fine Gael to office."

Kenny also used the conference as an opportunity to defend Ireland's corporate tax rate. "No matter what pressure other countries might try to exert, our 12.5 percent corporate tax rate - a cornerstone of our recovery - is not up for grabs," he stressed.

TAGS: Finance | Budgets | tax | Ireland | ministry of finance | tax rates | tax reform | individual income tax

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